1. Market Research
  2. > Pharmaceutical
  3. > OTC Market Trends
Sleep Market - Global Outlook & Forecast 2021-2026

Sleep Market - Global Outlook & Forecast 2021-2026

  • July 2021
  • 300 pages
  • ID: 6106159
  • Format: PDF
  • Arizton

Summary

Table of Contents

Search Inside

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Sleep Market Report

The sleep market by revenue is expected to grow at a CAGR of 6.11% during the period 2020–2026.

Several research studies and government programs help improve awareness explaining the importance of sleep in many countries.
The increasing awareness regarding sleep encourages the sales of preventive care devices such as smart bedding and other related devices. Recent developments in the market are the smartphone-based tracking and sleep management applications gaining high traction across the globe. Almost all the vendors are now producing wearable devices with smart connectivity options and are easy to use by the patients. In the era of customization, the future of the sleep aids market will be dominated by smart bedding devices which can be used as a part of smart homes. It will allow a person to personalize the lighting of their rooms based on their comfort.

The following factors are likely to contribute to the growth of the electric vehicle charging infrastructure market during the forecast period
• Rising Awareness Towards Sleep as Health Behavior
• Increasing Acceptance Sleep Trackers for Sleep Management
• Growing Prevalence of Mental Illness
• Rising changes in Lifestyle and Urbanization

The study considers the sleep market’s present scenario and its market dynamics for the period 2020?2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

SLEEP MARKET SEGMENTATION
The global sleep market research report includes a detailed segmentation by product type, indication, geography. The smart bedding segment provides multi-sensor equipment such as smart mattresses, ambient light, sound systems, etc. The features provided by the smart beds are expected to improve even further while maintaining a reasonable price, which will make it more affordable and accessible for the larger part of the population. China and the US have the highest prevalence of sleep apnea. With the increasing prevalence of apnea and chronic respiratory disorders, the demand for the devices is expected to increase during the forecast period. The apnea devices segment is growing at a CAGR of 8.34% by 2026. Almost 50% of Americans use prescription-based sleeping aids or OTC products, thereby booming the growth in the global sleep industry.

Chronic insomnia is a severe sleeping disorder that can further progress into many chronic diseases. This can affect the mental health of a person, thereby accelerating the growth of the insomnia segment. According to the American Sleep Association, acute insomnia affects almost 30% of the adult population. The emergence of COVID-19 has also contributed to the increasing incidence of insomnia. The market is dominated by diagnostic and treatment products for insomnia, which is expected to continue during the forecast period.

Segmented by Product Type
• Smart Bedding
• Sleep Lab Services
• Sleep Apnea Devices
• Medication
• Wearable Devices
• Others

Segmented by Indication
• Insomnia
• Sleep Apnea
• Narcolepsy
• Restless Leg Syndrome
• REM Sleep Behavior Disorder
• Others

GEOGRAPHICAL ANALYSIS
The global market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The urban population of the North American region is around 82% which is higher than any other region. In North America, the growth of the sleep health industry is attributed to the already established hard solutions market, where the leading pharmaceutical companies are actively introducing e-prescription products and OTC products. The region is making the sleep products available at much lower prices, which in turn, increasing the acceptance of the natural sleeping meds market. As the higher percentage population is technology users, it has become easier for device manufacturers to market their products in the region.

Segmented by Geography
• North America
o US
o Canada
• Europe
o Germany
o France
o UK
o Italy
o Spain
• APAC
o China
o Japan
o India
o Australia
o South Korea
• Latin America
o Brazil
o Mexico
o Argentina
• Middle East & Africa
o South Africa
o Saudi Arabia
o Turkey

INSIGHTS BY VENDORS

The smart bedding market is crowded with many vendors. Philips and ResMed lead the sleep apnea and sleep lab services market. Philips is the global leader in consumer use healthcare products and consumer electronics products. In the global sleep industry, Philips performs under the segmented sleep and respiratory care, which accounted for a revenue of USD 3.20 billion in the year 2020. Device manufacturing companies across the globe mainly dominate the industry. Key vendors are gaining growth opportunities to survive in the industry and remain competitive.

Prominent Vendors
• Koninklijke Philips
• ResMed
• Natus Medical Incorporated
• Nihon Kohden Corporation
• Fisher & Paykel Healthcare
• Compumedics Limited
• Itamer Medical Ltd
• Sleep Number Corporation
• Merck

Other Prominent Vendors
• Apple Inc.
• BMC Medical Co., LTD
• Curative Medical
• Apex Medical Corporation
• Cadwell Industries INC.
• SOMNOMEDICS GMBH
• Advanced Brain Monitoring INC.
• Braebon Medical Corporation
• Cleveland Medical Devices INC.
• Eight Sleep
• SIMBA
• Sleepace
• Solace Lifesciences
• Somnox
• Sleep Cycle
• Withings
• Polar Electro
• Pzizz LTD
• Fitbit
• Garmin LTD
• Rest
• Sunovion Pharmaceuticals INC.
• Eisai INC.
• Sanofi
• Mallinckrodt Pharmaceuticals
• Teva Pharmaceuticals Industries LTD
• Pfizer INC.

KEY QUESTIONS ANSWERED:

1. How big is the sleep market?
2. Who are the key players in the sleep market?
3. What are the latest technological advancements in the market?
4. What are the factors driving the sleep market?
5. What is the growth of the smart bedding segment during the forecast period?

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Insomnia Treatment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • $ 4250
  • July 2021
  • 125 pages

The global insomnia treatment market was valued at USD 2,898 million in 2020, and it is expected to reach USD 4,065 million by 2026, registering a CAGR of 5.93% during the forecast period. Globally, the ...

  • World
  • Sleep Aid
  • Industry analysis
  • Health Expenditure
  • Out Of Pocket Expenditure

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on